The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Euro tumbles in Asia as attention shifts to Wyoming meeting
On Monday, the common currency dived in Asia because attention shifts to a gathering of key bankers in Wyoming this week just to see whether the ECB is going to start discussing its dial-back initiatives for stimulus in more detail or not.
The currency pair EUR/USD hit 1.1754, decreasing 0.06%. Besides this, AUD/USD reached 0.7930, going down 0.01%. At the same time USD/JPY demonstrated 109.24, soaring 0.05%.
Tracking the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index went up 0.04% trading at 93.40.
The previous week on Friday, the evergreen buck inched down versus a basket of the other key currencies because political uncertainty in the USA as well as surging doubts over the prospects for another rate lift by the Fed in 2017 added pressure.
The US currency went down to four month minimums versus the Japanese rival earlier in the day, although pared losses after reports that Steven Bannon, senior White House advisor was leaving his position.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.